Sunday , May 28 2023

VN-Index slips to 2-week low

Vietnam’s benchmark VN-Index dropped 0.48% to 1,064.3 points Thursday, lowest since March 30.

The index closed 5.15 points lower after losing 0.01 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 9.61% to VND11.44 trillion ($487.99 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain.

NVL of property developer Novaland Group lost 3.7%, followed by GVR of Vietnam Rubber Group with a 2.4% drop.

VHM of property giant Vinhomes fell 2.1% and TCB of the largest private lender Techcombank went down 1.6%.

Eight blue chips gained, led by STB of Ho Chi Minh City-based lender Sacombank with a 1.3% rise.

Foreign investors were net sellers to the tune of VND297.85 billion, mainly selling VND of brokerage VNDirect and HPG of steelmaker Hoa Phat Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.99% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.25%.

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